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Inside This Issue: 

A Portrait of Revolutionary 
War Hero John Stark 


Official Journal of the J 
Society of Paper Money Collectors 


VoL. XXXVIII, No. 5 
Whole No. 203 


September/October 1999 



The Northeast’s Most Important Currency Show 



Fourth Annual Strasburg Paper Money Collectors Show 

September 16-19, 1999 

The Northeast’s most important paper money show is scheduled for Thursday, September 16 
to Sunday, September 19, 1999, at The Historic Strasburg Inn, Route 896, Strasburg, Pennsylvania. 
The show’s sponsor, R.M. Smythe & Co., Inc., will conduct two major currency auctions on 
Friday, September 17, and Saturday, September 18 at 8:00 p.m. (catalogue $20). 

Other highlights of the show include more than 35 dealers, free parking, a joint breakfast 
meeting of the Society of Paper Money Collectors and the Currency Club of 
Chester County, a meeting of the American Society of Check Collectors, 
and a special numismatic exhibition courtesy of John and Nancy Wilson. 


SHOW HOURS 

Thursday, September 16, 2:00 p.m. -6:00 p.m. (Professional Preview — $25 charity donation) 
Friday, September 17, 10:00 a.m.-6:00 p.m. (General public — no charge) 

Saturday, September 18, 10:00 a.m.— 6:00 p.m. (General public — no charge) 

Sunday, September 19, 10:00 a.m. -2:00 p.m. (General public — no charge) 

Dealers participating in the Strasburg Paper Money Collectors Show include: 

David Amey • Bob Azpiazu • Dick Balbaton • Frederick J. Bart • Keith & Sue Bauman • Dave Berg • Chris Blom 
Carl Bombara • C.E. Bullowa • Glen Burger • Dave Cieniewicz • Paul Cuccia • A.P. Cyrgalis • Tom Denly 
Tom Durkin] • Steve Eyer • larry Falater • Don Fisher • John Hanik • Harry Jones • Glen Jorde • David Koble 
Ed Kuszmar • Bob Kvederas • Art Leister • l.arry Marsh • Leo May • Steve Michaels • Marc Michaelson 
Claud & Judith Murphy • J.C. Neuman • V.H. Oswald • John Parker • Huston Pearson • Alex Perakis 
Tony Pisciotta • Sergio Sanchez • John Schwartz • Roben Schwartz • George Schweighofer • R.M. Smythe & Co. 

Daryl Spcibring • Dave Strebe • Dave StoufFer • Bob Vlack • Barry Wexler 

For hotel room reservations contact The Historic Strasburg Inn, Strasburg, Pennsylvania 
800-872-020 1,71 7-687-769 1 Fax 7 1 7-687-6098 

Strasburg is 20 minutes from Lancaster, PA; one hour from Philadelphia; and I'A hours from New York City. 

Auction consignments are being accepted through July 16, 1999 
Contact Steve Goldsmith, Douglas Ball, Martin Gengerke, or Kevin Foley to discuss your material. 
Contact Mary Herzog for show information or to order a catalogue ($20). 

m 8 1 M 

R.M. Smythe & Co., Inc., 26 Broadway, Suite 271, New York, NY 10004-1701 
800-622-1880,212-943-1880 Fax 2 1 2-908-4047 www.rm-smythe.com 


PAPER MONEY • September/October 1999 • Whole No. 203 


129 


PAPER MONEY is published every other month 
beginning in January by the Society of Paper 
Money Collectors (SPMC), Second-class postage 
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© Society of Paper Money Collectors. Inc.. 1999. 
All rights reserved. Reproduction of any article, in 
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proofs are not supplied. 

Advertising Deadline: Copy must be received by 
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ple. February 1 for the March/April issue) With 
advance notice, camera-ready copy will be 
accepted up to three weeks later. 


ADVERTISING RATES 


Space 

1 time 

3 limes 

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Outside back cover SI 52 

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Advertising copy shall be restricted to paper cur- 
rency and allied numismatic material and publi- 
cations. and related accessories. The SPMC does 
not guarantee advertisements, but accepts copy 
in good faith, reserving the right to reject otyec- 
tionable material or edit copy. 

The SPMC assumes no financial responsibility for 
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to reprint that portion of an advertisement in 
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Paper Money 

Official Bimonthly Publication of 
The Society of Paper Money Collectors, Inc. 

Vol. XXXVIII, No. 5 Whole No. 203 SEPTEMBER/OCTOBER 1999 
ISSN 0031-1162 

MARILYN REBACK, Editor, P.O. Box 1110, Monument, CO 80132 

In This Issue 


Features 

A Portrait of John Stark 131 

by Marvin D. Ashmore 

Bank Happenings 137 

submitted by Bob Cochran 

Some Women Who Made a Difference 138 

by Gene Messier 

The Buck Starts Here 147 

by Gene Messier 

About Texas Mostly 148 

by Frank Clark 

The Green Goods Game 151 

conducted by Forrest Daniel 


Society News 

Information & Officers 130 

Call for Nominations 137 

The President's Column 151 

by Frank Clark 

New Members 153 

Money Mart 154 

Advertisers 156 


On the Cover — 

Remembered as the commander of the New Hampshire militia at 
the 1777 Battle of Bennington, Vermont, John Stark is portrayed on 
bank notes (page 131). 



130 


September/October 1999 • Whole No. 203 • PAPER MONEY 


Society of Paper 

The Society of Paper Money Collectors (SPMC) was 
organized in 1961 and incorporated in 1964 as a 
non-profit organization under the laws of the District 
of Columbia. It is affiliated with the American 
Numismatic Association. The annual SPMC meeting 
is held in June at the Memphis IPMS (International 
Paper Money Show). 

Information about the SPMC and its activities 
can be found on its Internet website www.spmc.org . 

MEMBERSHIP — REGULAR and LIFE. Applicants must 
be at least 18 years of age and of good moral charac- 
ter. Members of the ANA or other recognized numis- 
matic societies are eligible for membership; other 
applicants should be sponsored by an SPMC member 
or provide suitable references 

MEMBERSHIP — JUNIOR. Applicants for Junior mem- 
bership must be from 1 2 to 1 8 years of age and of 
good moral character. Their application must be 


Money Collectors 

signed by a parent or guardian. Junior membership 
numbers will be preceded by the letter ‘j," which 
will be removed upon notification to the secretary 
that the member has reached 1 8 years of age. Junior 
members are not eligible to hold office or vote. 

DUES — Annual dues are $24. Members in Canada 
and Mexico should add $5 to cover postage; mem- 
bers throughout the rest of the world add $10. Life 
membership — payable in installments within one 
year — is $500, $600 for Canada and Mexico, and 
$700 elsewhere. 

Members whojoin the Society prior to October 1 
receive the magazines already issued in the year in 
which they join. Members whojoin after October 1 
will have their dues paid through December of the 
following year; they also receive, as a bonus, a copy 
of the magazine issued in November of the year in 
which theyjoined. ‘i 


Officers 


PRESIDENT Frank Clark, P.O. Box 117060, Carrollton, TX 
75011-7060 

VICE-PRESIDENT Wendell A. Wolka, P.O. Box 569, 
Dublin, OH 43017 

SECRETARY Fred L. Reed III, P.O. Box 793941, Dallas, TX 
75379-3941 

TREASURER Mark Anderson, 335 Court St., Suite 149, 
Brooklyn, NY 11231 

APPOINTEES: 

EDITOR Marilyn Reback, P.O. Box 1110, Monument, CO 
80132 

CONTRIBUTING EDITOR Gene Hessler, P.O. Box 31144, 
Cincinnati, OH 45231 

LEGAL COUNSEL Robert J. Galiette, 3 Teal Ln,, Essex, 

CT 06426 

LIBRARIAN Richard J. Balbaton, P.O. Box 911, North 
Attleboro, MA 02761 


MEMBERSHIP DIRECTOR Frank Clark, P.O. Box 117060, 
Carrollton, TX 75011-7060 

PAST PRESIDENT Bob Cochran, P.O. Box 1085, Florissant, 
MO 63031 

1929 NATIONALS PROJECT COORDINATOR David B. 

Hollander, 406 Viduta PI, Huntsville, AL 35801-1059 
WISMER BOOK PROJECT Steven K. Whitfield, 14092 
W. 115th St., Olathe, KS 66062 

BOARD OF GOVERNORS: 

C. John Ferreri, P.O. Box 33, Storrs, CT 06268 
Ronald L. Horstman, 5010 Timber Ln., Gerald, MO 63037 
Arri "AJ" Jacob, P.O. Box 361, Los Alamitos, CA 90720-0361 
Judith Murphy, P.O. Box 24056, Winston-Salem, NC 27114 

Robert Schreiner, 103 Windsor Cir,, Chapel Hill, NC 
27516-1208 

Stephen Taylor, 70 West View Ave., Dover, DE 19901 


BUYING AND SELLING 


CSA and Obsolete Notes 
CSA Bonds, Stocks & 
Financial Items 



60-Page Catalog for $5.00 
Refundable with Order 


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PAPER MONEY • September/October 1999 • Whole No. 203 


131 


A Portrait of John 

By Marvin D. Ashmore — 


Stark 


J OHN ST.ARK was one OF THE MOST EFFECTIVE AMERICAN 
officers of the Revolutionary War. He is best remembered as the 
commander of the New Hampshire militia at the Battle of 
Bennington, Vermont in 1777. His portrait was used on bank notes 
of only two state banks: the Stark Bank in Bennington, Vermont; and the City 
Bank in Manchester, New Hampshire. 

The Stark Bank originally was organized in 1846 under the title of the 
Green iVlountain Bank. The title was changed to the Stark Bank under a 20- 
year charter by the State of Vermont on August 1, 1847. 

According to the annual report of the bank commissioners of Vermont 
dated July 1, 1861, the Stark Bank was the only one operating in Bennington at 
that time. It had one of the smallest amounts of capital ($50,000); owned one 
of the smallest amounts of real estate ($1,000); and had the smallest amount of 
total resources ($70,930) of all the banks doing business in the state that year. 
The total amount of circulation at that time was only $15,712. 

The earliest officers of the bank were Cashier G.W. Harmon and President 
Da\dd Love. Hannon e\adently served as cashier throughout the existence of 
the bank. Love was replaced by Issac Weeks by 1861. 

Notes in the earliest issue bear the imprint DANFORTH & HUFT5' NEW 
YORK & PHILADA. A later issue of the same design with the imprint changed 
to .AMERICAN BANK NOTE CO. NEW YORK probably was issued as early as 
1858. All denominations carried a portrait of John Stark. Only six denomina- 
tions were issued: $1, $2, $5, $10, $20 and $50. Perhaps because of the small 
amount of circulation, a $100 denomination was deemed unnecessary. 

With the exception of the $2 produced by either printing firm, all genuine 
notes issued by the Stark Bank are listed as “SENC,” or “surviving example 
not confirmed,” in the Standard Catalog of United States Obsolete Bank Notes 
1782-1866 by James A. Haxby. However, two proof sheets in denominations of 
$1, $1, $2, $5, and $5, $10, $20, $50 with the imprint of Danforth and Hufty 
are known from the American Bank Note Company archives. 



132 


September/October 1999 • Whole No. 203 • PAPER MONEY 


A $10 proof note of the City Bank 
of Manchester, New Hampshire 
(Haxby NH-1 75/CIO), printed by 
Danforth, Wright and Company. 

Courtesy Warren Henderson 



Earlier researchers of obsolete bank notes identified the female portrait on 
the $2 as that of Abby Hutchinson (her name evidendy was acquired from con- 
temporary counterfeit detectors). The portrait actually is that of Kate Sevier, 
wife ofjohn Sevier, the first governor ofTennessee. 

The rarity of the Stark Bank issues may be explained by the small circula- 
tion and redemption of die issued notes. Banks in Vermont were subject to 
more strict legal regulations dian many institutions doing business elsewhere. 
Vermont law as applied to the Stark Bank required 10 percent of its profit to 
be paid to the State Treasury, and 4'/’ percent of its capital to the State 
Treasury as a degree of protection should the bank become insolvent. Since 
the Stark Bank did not seek a National Bank charter, it became one of many 
financial institutions forced to close by the National Currency Act of 1865. 
Redemption of the outstanding circulation was guaranteed by the requirement 
of the directors to deposit bonds with the State Treasurer. As required by law, 
the bank published notice that its outstanding circulation would be redeemed 
until August 1, 1868, the end of its 20-year charter. 

The bank notes issued by the Stark Bank in Bennington, Vermont, and the 
City Bank in Manchester, New Hampshire, are adequately described in the 
well-known pioneer references by David C. Wismer and Mayre Burnes 
Coulter. They are most accurately described in James A. Haxby’s Standard 
Catalog of United States Obsolete Bank Notes, 1782-1866. 

A $10 bank note depicting John Stark was issued by the City Bank in 
Manchester, New Hampshire, beginning in 1853. The portrait used on this 
note is identical to tliat used on the issues of the Stark Bank. The identity of 
the engraver of the Stark portrait is uncertain, but it may have been the work 
of Mosely I. Danforth. The plates for notes of both banks evidently were in 
the possession of Danforth, Perkins and Company, the successor firm of 
Danforth, Wright and Company, when the former became a member of 
American Bank Note Company (ABNCo). 

Tbe earliest issues of the City Bank — denominations of $1, $2, S3, $5, $10, 
$20, $50, $100 and $500— bear the imprint DANFORTH, WRIGHT & CO. 
Notes of tire same design with a protective, brown-orange tint in micro-letter- 
ing were printed by the American Bank Note Company and also have the 
ABNCo monogram. 

The entire issue of the City Bank, with exception of the $2 note printed by 
ABNCo, is listed as SENC in the Haxby reference, but some proof impres- 
sions are known to have survived in the ABNCo archives. Only single-note 
proofs of each denomination — including the $50 and $100 on one proof sheet 
printed from the Danforth, Wright.and Company plates — are known from the 



PAPER MONEY • September/October 1999 • Whole No. 203 


133 







K TEN EOELAHS 




A $1 0 proof note of the City Bank 
of Manchester, New Hampshire 
(Haxby NH-175/G10b), printed 
by American Bank Note Company. 

Courtesy Warren Henderson 


archives. Only a single proof $10 note and one proof sheet of the $50 and $100 
of the tinted variety printed by the American Bank Note Company are known 
from the archives. 

The City Bank was organized in 1853 and reorganized under the National 
Currency Act of 1863 as the City National Bank, receiving charter number 
1520. Its name was changed to the Merchants National Bank of Manchester, 
continuing the same charter number, in 1880. National Bank notes were issued 
under both names. 

John Stark 

John Stark was born on August 28, 1728, at Londonderry, 
New Hampshire. He was the son of Presbyterian Irish parents, Archibald Stark 
and his wife, Elinor Nichols. Archibald was Scotch and lived in Ulster County, 
Ireland, before emigrating to New Hampshire in 1720. John Stark’s family 
moved to Derryfield, now the City of Manchester, when he was a small boy. 

John became an expert woodsman and an accomplished Indian fighter at a 
young age. He gained valuable experience as a guide for expeditions into the 
remote wilderness and developed a strong physique — all qualities that helped 
him endure the challenges of the frontier and life as a soldier. He was of medi- 
um height with light blue eyes, a strong nose, high cheekbones, and thin, set 
lips. In 1758 he married Elizabeth Page. 

During the French and Indian War, Stark served with Rogers Rangers 
under General Jeffery^ Amherst in a raid against the St. Francis Indians at 
Crown Point, and in the British attack on Ticonderoga in July 1759. Stark 
later would use the tactics and military maneuvers learned while in Rogers 
Rangers against the British in a different war. 

Stark left British service following Amherst’s victory and returned to a life 
of farming. He was one of the founders of the township of Starkville, later 
renamed Dunbarton. 

With the news of the battle of Lexington and Concord, Stark was anxious 
to lend his military skills to the gathering Continental forces. He was appoint- 
ed colonel of the 1st New Hampshire regiment of 800 men assembled at 
.VIedford to aid Massachusetts. A few weeks earlier, the British had offered him 
the rank of a full colonel, which he contemptuously refused. 

On June 17, 1775, Stark’s regiment participated at the battle of Bunker Hill 
(which actually was fought on Breed’s Hill). The regiment had already gained 
a reputation as tough frontiersmen. Without uniforms and adequate arms, it 
defended the rail-fence breastwork between the Mystic River and the 
.American fortifications on Breed’s Hill. Stark’s men laid a disastrous fire upon 



September/October 1999 • Whole No. 203 • PAPER MONEY 


134 



the attacking British light infantry. Unsuccessful assaults on Stark’s men led 
the British to try the more heavily defended fortifications on Breed’s Hill. The 
result was that the British won the field, but at a cost of 1,150 casualties (207 
killed, a large percentage of them officers). On the American side, casualties 
numbered 441, with approximately 140 dead. The British were halted in their 
attempt to break out of Boston, and it was about a year before they could begin 
another offensive. 

One of Stark’s sons, Caleb, was an ensign in his father’s regiment at Bunker 
Hill at only 15 years of age; he attained the rank of brigade major by the end of 

the Revolution. His brother William also 
sen'ed in Rogers Rangers during the French 
and Indian War, but was refused command of 
a regiment following the battle of Lexington 
and Concord. He defected to the British and 
died as a result of a fall from a horse in 1776. 
Stark also participated in the siege of Boston 
under General George Washington. After the 
British evacuated the city in April 1776, Stark 
helped prepare the defense of New York City 
as a colonel of the 5th New Hampshire, a 
Continental regiment. 

In May 1776, he left New York to assist 
reinforcing troops at Quebec, and he partici- 
pated in the subsequent retreat of American 
forces from Canada. 

On November 8, 1776, Stark was commis- 
sioned a colonel of the 1st New Hampshire 
regiment of the Continental Army, and in 
December he led the vanguard of 
Washington’s army in the victory at Trenton, 
New Jersey. He also fought at the battle of 
Princeton in January' 1777, but in March he 
resigned his commission when junior officers 
were promoted as generals over his head, 
returning to his New Hampshire farm. 

Stark’s stay at home was brief. Soon he was 
elected to the rank of brigadier general of the 
New Hampshire militia. More than 1,400 
troops were assembled to assist the Vermont 
Republic in opposing an threatened invasion 
from Canada led by General John Burgoyne. 
The Vermont Council of Safety correctly 
believed one of Burgoyne’s objectives was a 
raid into the region west of the Hudson River. 
Major General |ohn Stark The Council appealed to the New Hampshire and Ma.ssachusetts provinces for 

Ubrapy Of CoNGRtss assistaoce. Vermont was sparsely settled and for the most part unprotected 

from the British. Burgoyne’s army had already arrived in the province of New 
York in July 1777. 

The New Hampshire brigade arrived at Manchester, Vermont, where Stark 
conferred with Major Generals Benjamin Lincoln and Phillip John Schuyler. A 
conflict arose between Stark and Schuyler when the latter ordered him to 
march to the Hudson River to join the main army. Stark refused, arguing that 
he had agreed only to command the militia, and he was responsible solely to 
the New Hampshire legislature, not the Continental Congress. As a result. 
Stark was charged with insubordination by the Continental Congress. 


PAPER MONEY • September/October 1999 • Whole No. 203 


135 


.\lthough known for his quick temper and stern, uncompromising nature, 
Stark may have had other reasons for refusing to obey Schuyler. Having been 
passed over for promotion in the Continental service was still veiy fresh in his 
memory. Schuyler, although later e.xonerated by court martial, had been 
blamed for incompetency in the defense of Ticonderoga early in July, and his 
reputation for arrogance probably did not help matters. 

^^^lether Stark was right was a matter of controversy, but no one ever said 
he was not a man of courage, ability and principle. Generals Lincoln and 
Schuyler chose not to press the matter; Stark received only a reprimand sent to 
the New Hampshire legislature. Stark led his militia independent of the regu- 
lar forces, and at Bennington, Vermont, in August 1777, he won one of the 
most decisive battles of the Revolution. 

The British plan was to march on Albany, New York, but with a 185-mile 
supply line from Canada, the army needed to supplement its supplies by forag- 
ing on the country and seeking aid from Tories in the area. Burgoyne planned 
to send an e.xpedition from the Hudson River opposite Saratoga, move east to 
.Arlington, and then cross the Green Mountains to Rockingham on the 
Connecticut River. The army was to remain there about two weeks to obtain 
the needed supplies, then go south by the Connecticut River to Brattleboro, 
then west to rejoin the main anny. Lt. Colonel Frederick Baum, Hessian com- 
mander of the Brunswick Dragoons — an elite part of Burgoyne’s army com- 
posed of approximately 800 troops — was chosen to lead the raid. 

Baum was unsuccessful in procuring sufficient supplies or much aid from 
Tories by the time he reached Brattleboro. The Americans had removed or 
destroyed almost everything in the area of value to the enemy. At Brattleboro, 
Baum received information that an .American military depot was at Bennington 
and guarded by only 300 to 400 militia. Capturing a quantity of military stores 
was just what Baum needed, and he began a march west to Bennington. 
However, the information Baum received was false, the deception probably 
originating from Stark himself. 

On August 16, Stark, with about 2,600 troops, intercepted and attacked 
Baum on the M'allomsac Riv er, about five miles northeast of Bennington, and 
succeeded in a double env'elopment of Baum’s entire force. Baum was killed in 
tbe fight. Later in the day, Hessian reinforcements under General Breymann 
sent to assist Baum were met by the timely arrival of Lt. Colonel Seth 
Warner’s Green .Mountain Regiment, which assisted Stark in defeating 
BrevTnann. 

On the British side, losses were 207 killed and about 700 captured. 
.According to General Stark’s report, .American losses were 14 killed and 42 
wounded.The bounty to the New Hampshire brigade included four brass can- 
nons, several hundred muskets, a few rifles, 250 swords and four ammunition 
wagons. 

Three days after the battle at Bennington, Stark was commended by the 
Continental Congress, and on October 4, 1777, he was commissioned a 
brigadier general in the Continental Army. 

The victory at Bennington greatly improv'ed American morale and signifi- 
cantly weakened Burgoyne’s army by denying supplies needed for a campaign 
in New York. This was to be of enormous benefit to the American army at 
Saratoga in the following months. 

Stark helped effect the surrender of Burgoyne to General Gates on October 
17 after the batdes at Saratoga by capturing Ft. Edward and thereby blocking a 
British retreat across the Hudson River. 

Stark’s service during the remainder of the war is also of interest. He twice 
commanded the northern department and he served with General Gates in 
Rhode Island in 1779. He participated in the battle at Springfield in 1780 and. 


136 


September/October 1999 • Whole No. 203 • PAPER MONEY 


in the same year, served on the board of general officers in the trial of Major 
Andre, the British spy. He was brevetted a major general in September 1783. 

Following the Revolutionary War, Stark retired from military service. 
Unlike many Continental Army generals, he avoided public office, preferring 
to tend his farm near Manchester and devote himself to his family of 1 1 chil- 
dren. He died on May 8, 1822, at the age of 93. He was buried in a family 
cemetery on his farm with military honors. In 1829, on the anniversary of the 
battle of Bennington, a granite obelisk was erected on the site. 

In the town of Bennington, a 3 04- foot-tall monument to the battle of 
Bennington was completed and dedicated in 1891. A numismatic tribute to 
John Stark is that two historical banking institutions, one of which was named 
in his honor, issued bank notes bearing his portrait. The issued and well-circu- 
lated $1 note of the Stark Bank in Bennington, Vermont, and the two varieties 
of proof $10 notes of the City Bank in Manchester, New Hampshire illustrated 
here are additions to the few known surviving notes with John Stark’s portrait. ❖ 

Bibliography 

Boatner, Mark M. III. Encyclopedia of the Ainmcan Revolution. New York: David 
McKay Company, Inc., 1966. 

Christie, Manson, and Woods International, Inc. Important Early Avierican 
Bank Notes, 1810-187: Front the Archives of the American Bank Note Company. 
Sale Catalog. New York, 1990. 

Coulter, Mayre Burns. Vennont Obsolete Notes and Snip. lola, M'7: Krause 
Publications, 1972. Published for the Society of Paper Money Collectors. 
The Desaiptive Register of Genuine Bank Notes. Anderson, SC: Pennell 

Publishing Company, 1977. Reprint of 1862 version. New York: Gwynne 
and Day, Bankers. 

Durand, Roger H. Interesting Notes About Portraits, II. Rehoboth, MA: R.H. 
Durand & Company, Ltd. 1997. 

Fleming, Thomas J. Now We Are Enanies. New' York: St Martin’s Press, 1960. 
Harper, Terrence G. Historical .dccount of Vermont Paper Cutreny and Banks. 

Reprint, originally published in Numismatic Sa-apbook Magazine. 

Haxby, James A. Standard Catalog of United States Obsolete Bank Notes 1 182- 
1866. Vol. IV. lola, WI: Krause Publications, 1988. 

Hodges, Edward M. Hodges Atnerican Bank Note Safeguard. Anderson, SC: 

Pennell Publishing Company, 1977. Reprint of 1865 version. 

Malone, Dumas, ed. Dictionaiy of American Biography. Vol. XMI. New' York: 
Charles Scribner’s Sons, 1935. 

Muscalus, John A. An Inde.v of State Bank Notes that Illustrate Characters and 
Events. Bridgeport, CT. 1938. 

Rice, Foster Wild. “Antecedents of the American Bank Note Company of 
1858.” The Essay-Proof Jounial, Vol. 18, Nos. 71, 72 (1961). 

Wismer, David C. The Obsolete Bank Notes of New England. Boston, iMA: 

Quarterman Publications, Inc., 1972. Originally published as a series in The 
Numismatist, official journal of the American Numismatic Association, Aug. 
1922-July 1935. 


PAPER MONEY • September/October 1999 • Whole No. 203 


137 


BANK 
Happenings 

Submitted by BOB COCHRAN 


The Gold Standard 
Act of 1900 

B KKORE the U.S. LEET I HE CiOEl) ST.\NI).M<D, 
Indianapolis played a major role in the countr\'’s nione- 
tar\' polic)-. 

When W'illiani McKinley was elected President on a plat- 
form calling for gold backing for the dollar, the Indianapolis 


Board of Tratle called for a convention on a monetary reform 
in Indianapolis. A preliminary’ conference was held, and a 
major gathering was planned for January, 1897. 

(diairman of the e.xecutive committee for die event was Hugh 
II. Hanna, member of a banking family at Lafayette, Indiana. 

A second convention was held in January, 1898. The results 
of the rhetoric at the meetings, the .surveys of businessmen and 
bankers taken across the nation, and a concentrated lobbying 
effort, was a new law creating a monetary' system based on 
gold - which was signed by McKinley in March, 1900. 

(l•'or collectors of National Currency, the Gold Standard 
.•\ct of 1900 is quite significant. The act also provided for the 
estahlishment of national banks with a capital of only' S25,000, 
ushering in what John Hickman often described as “the golden 
age of main-street banking.” Thousands of new banks were 
chartered in small communities, providing a legacy of many 
unusual and wonderful town and bank names, “small-change” 
circulation and, therefore, (often) rare notes, and challenges/ 
op|iortunities for all of us who seek these treasures. ❖ 


Call for SPMC Nominations for 2000 

The following Society of Paper Money Collectors (SPMC) governors' terms expire in 2000: 
Mark B. Anderson, Ronald L. Horstman, Judith A. Murphy and Stephen Taylor. 

If you have suggestions, or if the governors named above wish to run for another term, 
please notify SPMC President Frank Clark. In addition, candidates may be placed on the 
ballot in the following manner; 

1) A written nominating petition, signed by 10 current members, is submitted. 

2) An acceptance letter from the person being nominated is submitted with the petition. 

Nominating petitions (and accompanying letters) must be received by the president by 
January 31 , 2000. 

Biographies of the nominees and ballots for the election will be included in the 
March/April 2000 issue of Paper Money. The ballots will be counted at Memphis and 
announced at the SPMC general meeting held during the International Paper Money Show. 

First-time nominees should send a portrait and a brief biography to President Frank Clark. 
Unless new information is sent for those seeking another term, the same portraits and 
biographies will be used. 




138 


September/October 1999 • Whole No. 203 • PAPER MONEY 


Some Women Who 
Made a Difference 

By Gene Hessler 


C ONTINUED FROM THE EAST ISSUE IS A SURVEY OF WOMEN 
whose achievements have been recognized by having their likeness- 
es portrayed on paper money. Part I highlighted artists; Part II con- 
tinued with an actress and a scientist; Part III featured musicians; 
and Part IV continues with by discussing women who are recognized exclu- 
sively for their literary creations. 

PART IV: 

WRITERS 

Annette Elisabeth von Droste-Hiilshoff 

Like Emily Dickinson, Annette Elisabeth von Droste- 
IICm.SHOFF (1797-1848) lived her entire life within a small locale. Fraulein 
Droste-Hiilshoff resided near Munster in Westphalia, probably with her par- 
ents. And, as did those of Dickinson, her writing was influenced by her famil- 
iar, pleasant surroundings. 

In 1844 a collection of signed poems was published. Das Geistliche Jahr (The 
Spiritual Year), a collection of 72 songs, was printed six years later. The latter 
included a .song for every Sunday and religious holiday. Her only novel was Die 
Jndevhuche (The Youthtree), published in 1842. 






PAPER MONEY • September/October 1999 • Whole No. 203 


139 



The portrait of writer 
Camilla Collett's brother, 
Henrik Wergeland, 
appeared on Norway's 
100-kroner note (P33 
and P38). In death there 
was retribution for his 
role in preventing her 
from marrying the man 
of her choice: Camilla's 
portrait replaced that of 
her brother on the same 
denomination (P41 and 
P43), shown here. 


Camilla Collett 

The sister of famous Norwegian foet Henrik Wergeland, 
writer Camilla Collett (1813-95) fell in love with Johan Welhaven, her broth- 
er’s primary antagonist. Unable to marry' the man of h er choice, Collett mar- 
ried Professor Jonas Collett. She would write of her unhappiness in The 
Governor's Daughter, Norway’s first social novel. The work affected public 
opinion concerning the role of women in Norway. Two additional works, 
Frotn Those IVh o Are Silent and Against the Stream, moved the public toward 
the emancipation of women. A monument to Camilla Collett, by Gustav 
\’igeland, was erected in Palace Park in Oslo in 191 1. 

Thomasine Christine (Buntzen) Heiberg 

Another Scandinavian author, Thomasine Christine Buntzen 
(1773-1856), married Peter Andreas Heiberg in 1790. Peter, as well as their 
son, were writers. Perhaps after being widowed, she married Baron C.F. 
Gyllembourg-Ehrensvard, and also is known as Thomasine Gyllembourg. She 
was primarily a short-story writer and is recognized for her Eveiyday Stories. 



The portrait of Thomas- 
ine Heiberg on this 
Denmark 1,000 kroner 
(P53) was created by 
Danish artist Jens juel. 







140 


September/October 1999 • Whole No. 203 • PAPER MONEY 


To the left of the portrait of 
Selma Lagerlof on a Sweden 
20 kroner (P6) is a reproduc- 
tion of script in her hand. The 
first issue of this note mea- 
sured 130 X 72mm; in 1997 a 
reduced version measuring 
1 20 X 72mm entered circula- 
tion. The back of the note 
depicts , a child on the neck of 
a snow goose — a scene from 
Nik Holgersson's Wonderful 
Journey through Sweden. 



Selma Lagerlof 

A SISTKR-SCAN'DINAVIAX, Sf.I.MA LaCERLOF (1858-1940) WAS A 
native of Sweden. She holds the distinction of being the first woman to be 
elected to the Swedish Academy. Many of her novels are set in the province of 
V'armland. In 1909, three years after she wrote the classic work for juveniles, 
The Wonderful .Adventure, Lagerlof received the Nobel Prize for Literature. 
She is one of two women recipients of the prize whose portraits appear on 
paper money. 

Sor Juana Ines de la Cmz 

.Also known primarily as a writer is Sor Juana Ines de la Cruz, 
or, as she was named at birth in San Miguel de Napantia, Mexico, Juana de 
■Asbaje y Ramirez de Santillana (1648-95). In admiration of her talent, many 
people referred to her as the “Tenth Muse.” Juana was brought up by ber 
mother on a hacienda outside .Mexico City; she did not know her father. .A pre- 
cocious child, she was able to read at the age of three. When she was eight, she 
submitted a poem in a contest and won a prize — a book. 

•After a year as a lady-in-waiting to .Marquesa de .Mancera at the palace of 
the viceroy, Juana entered the Convent of San Jeronimo because it was the 
best place to ilevelop her love of poetry and other subjects. The liberal convent 
allowed her to communicate with outside intellectuals. Juana acted as literarx’ 
hostess for the convent. 

Sor Juana wrote e.ssays, dramas and poems. Her 1691 autobiographical essay 


A Mexico 200 pesos with a 
portrait of Sor Juana was 
engraved by Martha Sasian, 
one of the few women portrait 
engravers in the world. (A dif- 
ferent portrait was used on 
P76, 80, 85 and 109.) 



bmcb D^M^XiCb 

G2413489 



G2U3I.89 









141 


PAPER MONEY • September/October 1999 • Whole No. 203 



dealt with women’s rights. In Roundels she took men to account for their 
“blame of women for that which they themselves are the cause.” In the same 
work, this independent nun wrote: “With foolish presumption, you wish to 
find her whom you seek. Thais when t'^ou attempt her and Lucretia when you 
possess her.” (Thais was a courtesan, and Lucretia a virtuous Roman matron.) 

Some of Sor Juana’s opinions must have disturbed the male Catholic hierar- 
chy, for during the last five years of her life, she was denied books, paper and 
pen. She died in Mexico City on April 17, 169.“). According to E. Williamson 
in The Penguin History of Latin America, she “became the greatest literary figure 
of the Hispanic world after the death of the Spanish playwright Pedro 
Calderon de la Bosca in 1681” (Williamson 160). 

Klara Eissner Zetkin 

Bor.n in Wieder.xn, on July 5, Kl.\r.\ (Eissner) Zetkin (1857- 
1933) was one of the first women to train at the Leipzig Teacher’s College for 
\\’omen, operated by feminist Auguste Schmidt. In 1881 Klara Eissner joined 
the Social Democratic Party, where she met Russian Ossip Zetkin, whom she 
married in Paris in 1882. With their nv'o children, they lived in Paris and 
Switzerland. 

Klara became concerned with the rights of women and children, and organ- 
ized a social democratic women’s movement. From 1892 to 1916, she edited 
Gleichheit (Equality), and in 1907 she founded the International Socialist 
^^^omen’s Congress. As a pacifist, she spoke out against World War I and 
helped organize the peace conference in Berne in 1915. Klara was a founder of 
the German Communist Party. She served in the Reichstag and was the last to 
preside before the fire in 1932. 

Mary (Cameron) Gilmore 

D.'X.me M.ary (C.^meron) Gilmore (1 865-1962) vv.as born at 
Goulburn, New South Wales. Precocious and driven, she became a teacher at 
the age of 16. She met her husband to be, W.A. Gilmore, at a utopian colony 
in New Australia in 1897. When the colony disbanded, Mary went to 
Patagonia and Buenos Aires, where she taught and worked as a journalist. In 
1920 she returned to Australia and became a Labour activist and was employed 
as editor and columnist for the Sydney IVorker. 

Her first poems, which reflected her socialist and feminist beliefs, were pub- 
lished in 1910. Two autobiographical books. Old Days, Old PVays and More 
Reflections, were published in 1934 and 1935, respectively. Mary Gilmore 
received the title Dame Commander of the Order of the British Empire in 





142 


September/October 1999 • Whole No. 203 • PAPER MONEY 



Dame Mary Gilmore is 
pictured on an Australia 
$10 note (P-51). The 
paper-thin, polymer 
plastic has a see-through 
window at left. 



1937. She died in 1962 in New South Wales. She w-as “a legend in her own 
lifetime. In her poems and prose recollections she drew on her own memory, 
longer and more romantic than anyone, longer and more romantic than any- 
one. . . “ (Cambridge Encyclopedia of Australia, 312). 

Cecilia Meireles 

Cecilia Meireles (1901-64) lost her parents soon after she was 
born in Rio de Janeiro on November 7. Under the care of a grandmother, she 
became a .schoolteacher. Her first marriage to a Brazilian poet ended when he 
committed suicide. 

In 1934 Cecilia founded the first library’ of children’s literature in Brazil. 
She was named professor of Luso-Brazilian literature at the University' of the 
Federal District from 1936 to 1938. After remarrying, she taught at the 
University of Texas. She published her first book, Especti'os, in 1919. Twenty of 
her books were in print during ber lifetime. Posthumously, she received the 
highest prize from the Brazilian .Academy of Letters. Meireles is considered 
Brazil’s most important woman poet. 









PAPER MONEY • September/October 1999 • Whole No. 203 


143 



The portrait of Bozena 
Nemcova on a Czech 
Republic 500 korun (P-7, 
printed by Thomas De La 
Rue, and P-13, printed by 
State Printing Office, 
Prague) was engraved by 
Vaclav Fajt. Designed by 
Oldirch Kulhanek, the note 
includes a latent image and 
a code for the blind. 


Bozena Nemcova 

BoZEXA NEMC0V.\ is one of two WOMEN’ PICTURED on the first 
notes issued by the Czech Republic; the other is St. Agnes of Bohemia. 
Nemcova was born on February 4, 1820; her life was influenced by the revolu- 
tionary' time in which she lived. Extremely modest living conditions (she had 
four children) and frequent reassignments probably contributed to the failure 
of her marriage to Josef Nemec, a financial inspection officer. Her social 
emancipation was awakened during her years in Prague (1842-45). Despite the 
fact that she did not have a happy life, her stories, novels and fairytales are full 
of romantic heros. Her writing glorifies ordinary people from the Czech coun- 
try'side. She died in Prague on Juanuary' 21,1 862. 

Rosalia de Castro 

ROS.ALIA de CA.STRO (1 83 7-85), WRITER AND CHAMPION of the 
Galician and Castilian dialects, was born in Santiago de Compostela, Galicia. 
Her earliest poetry, “The Flower” (1857) and her novels, The Datighta- of the 
Sea (1859) and Ruins” (1867) were written in Spanish. 





144 


September/October 1999 • Whole No. 203 • PAPER MONEY 


Her later works, including the poems “Galician Songs” (1863) and “New 
Leaves” (1880), were composed in the Galician dialect, akin to Portuguese. 

Lydia Koidula 

Lvdi.-\ Koidula, a pseudonym for Lydia E.milie Florentine, is 
the most outstanding poet who lyrically expressed her love for her native 
Estonia. Born in Vana Vandra on Christmas Eve, she was educated by her 
fatlier, patriot and author J. Voldemar Jannse. Lydia had additional schooling 
at a German school in Parnu, and her early poems were influenced by German 
Romanticism. Her best verse was composed after an unhappy marriage; some 
works were set to music. Lydia also wrote plays. She died on August 1 1, 1886, 
in Kronstadt. Her portrait on an Estonia 100 krooni (P-74) consists of photen- 
graved, horizontal lines. A bluebird is at the right, and microprinting EESTI 
PANK surrounds the rosette to the right. 

Juana de Ibarbourou 

A poet from Uruguay, Juana de Ibarbourou was born Juana 
Fernandez Morales on March 8, 1892, in Melos. Following her education in 
Catholic and public schools, she married Captain Lucas Ibarbourou in 1914 
(they had one child). Four years later, they moved to Montevideo, where she 
received favorable recognition for her work published in Ltt Razdii. 

In 1929 the public bestowed upon her the title of “Juana de America.” In 
1934, tw'o years after the death of her father, Juana turned to religious topics. 
Two examples are Praise to Our Lady and Scenes from the Bible. She became a 
member of the Uruguayan Academy of Letters in 1947. V\Tien her mother 
died, Juana became severely depressed; the change is reflected in her subse- 
quent work. Juana de Ibarbourou died in 1979 in relative obscurity and with 
little money. She is pictured on the face of a 1,000 pesos uruguayos (P-79); 
books are seen on die back. 

continued ❖ 


References 

Williamson, E. The Penguin Histoiy of Latin Anierica. London: The Penguin 
Press, 1992. 

A complete list of sources will appear at the end of this series. 







D70990J-. 






D70990J> 


UNITED 


■“■' Af*ii */*/»> '/4y/ tN 1^29443^'' 

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SUPERB 

STATES CURRENCY 
FOR SALE 

SEm FOR FREJE PRICE LIST 

BOOKS FOR SALE 

COMPREHENSIVE CATALOG OF U.S. PAPER MONEY by Gene Messier. 6th 
Edition. Hard cover. 579 pages. The new Edition. $32.00 plus $3.00 postage. Total price 
$35.00. 

THE ENGRAVERS LINE by Gene Messier. Hard cover. A complete history of the 
artists and engravers who designed U.S. Paper Money. $75.50 plus $3.50 postage. Total 
price $79.00. 

NATIONAL BANK NOTES by Don Kelly. The new 3rd Edition. Hard cover. Over 
600 pages. The new expanded edition. Gives amounts issued and what is still outstanding. 
Retail price is $100.00. Special price is $65.00 plus $4.00 postage. Total price $69.00. 

U.S. ESSAY, PROOF AND SPECIMEN NOTES by Gene Messier. Hard cover. 
Unissued designs and pictures of original drawings. $14.00 plus $2.00 postage. Total price 
$16.00. 


Stanley Morycz 

I>.(). BOX .155, DEBT. M • ENGLEWOOD, 011 45.122 

937-898-0114 


PAPER MONEY • September/October 1999 • Whole No. 203 




146 


September/October 1999 • Whole No. 203 • PAPER MONEY 


Nobody pays more than Huntoon for 

ARIZONA & WYOMING 

state and territorial Nationals 


Peter Huntoon 

P.O. Box 19464 
Las Vegas, NV89132 
702-270-4788 


MYLAR D CURRENCY HOLDERS 

PRICED AS FOLLOWS 
BANK NOTE AND CHECK HOLDERS 



SIZE 

INCHES 

50 

100 

500 

1000 

Fractional 

4^4 X 3^4 

$17.75 

$32.50 

$147.00 

$255.00 

Colonial 

S'/zxSVis 

18.75 

35.00 

159.00 

295.00 

Small Currency 

BYa X 2^8 

19.00 

36.50 

163.00 

305.00 

Large Currency 

TVaxSVz 

23.00 

42.50 

195.00 

365.00 

Auction 

9x3^4 

26.75 

50.00 

243.00 

439.00 

Foreign Currency 

8x5 

30.00 

56.00 

256.00 

460.00 

Checks 


28.25 

52.50 

240.00 

444.00 


SHEET HOLDERS 



SIZE 

Obsolete Sheet 

INCHES 

10 

50 

100 

250 

End Open 
National Sheet 

8V4X14V2 

$13.00 

$60.00 

$100.00 

$230.00 

Side Open 

Stock Certificate 

S'/zx 1772 

25.00 

100.00 

180.00 

425.00 

End Open 

Map & Bond Size 

972 X 1272 

12.50 

57.50 

95.00 

212.50 

End Open 

18x24 

48.00 

225.00 

370.00 

850.00 


You may assort note holders for best price (min. 50 pcs. one size). You may 
assort sheet holders for best price (min. 5 pcs. one size) (min. 10 pcs. total). 

SHIPPING IN THE U.S. (PARCEL POST) FREE OF CHARGE 
Mylar D* is a Registered Trademark of the Dupont Corporation. This also 
applies to uncoaied archival quality Mylar* Type D by the Dupont Corp. or 
the equivalent material by 1C) Industries Corp. Melinex Type 51 6. 

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PAPER MONEY • September/October 1999 • Whole No. 203 


147 


THE BUCICf 

Starts Here! 

mi 


A Primer for Collectors 
BY GENE HESSLER 


T wo A.\1ERIC.\N wo.vien c.\n cl.m.\i they were 
the models for images on the paper money of two for- 
eign countries. One will be discussed here, the other in the 
next issue. 

At the turn of the century, Czech artist Alfons Mucha 
(1860-1939) was considered the high priest of art noitveau. He 
was viewed as an illustrator, but he was considerably more, and 
the world could not get enough of the sensuous images of 
Mucha’s beautiful women who appeared in flowing gowns on 
calendars and posters. The latter might be considered com- 
mercial, however, those who have seen posters for Ruinart 
Champagne, La Trappistine Liqueur and The West End Revieze 
know this is not true. His paintings of celebrated actress Sarah 
Bernhardt, which appeared on theatrical posters, crystallized 
his worldwide appeal. 

In 1905 during one of the trips he made to the United 
States beween 1904 and 1913, tbe artist met .American mil- 
lionaire Charles R. Crane by chance when diey sat next to one 
another at a fund-raising dinner at Delmonico’s in New York 
Ciw. In 1909 Crane was having a house built for bis eldest 
daughter, Josephine. The architect would create a specific 
place in the house for a Mucha painting, which was to be 
called “Slavia.” It would be a development of a poster the artist 
created for the Prague Insurance Company in 1907. Charles 


R. Crane empathized with Mucha in his devotion to and 
obsession with the histor)' of tlie Slavs. Ultimately, he provid- 
ed the funds for Mucha to create his monumental Slav Epic — 
20 vast panels in tempera and oil. 

A new chapter in the history of Czech and Slovak people 
was written at the end of World War I in 1918 — the Republic 
of Czccboslovakia was established. The famed Czech artist 
Mucha was asked to design some of the bank notes for the new 
nation. The 100 and 500 korun, which were printed locally, 
were easily and soon counterfeited. The notes were 
withdrawn, and American Bank Note Company (ABNCo) in 
New York City was asked to create plates for more sophisti- 
cated notes as quickly as possible. Ultimately, ABNCo pre- 
pared an entire series, i.e., 100; 500; 1,000; and 5,000 k(orun). 

The 100 korun prepared and engraved at ABNCo included 
Mucha’s Slavia. This beautiful image, based on the likeness of 
Josephine Crane, was engraved by the premiere engraver at 
ABNCo, Robert Savage. The back of the note shows the St. 
Charles Bridge — a famous Prague landmark — and two females 
representing Southern Moravia and Slovakia, also engraved by 
Savage. However, tbe face of this note is all-.American: an 
American female, engraved by an American and printed by an 
.American company. 

This note circulated from 1920 to 1939 and now is 
extremely scarce in nice condition. Few collectors know the 
American connection, nevertheless, many want it simply 
because it is an example of good design and engraving. 

Since other denominations made at ;ABNCo were just men- 
tioned, a few words about them might be appropriate. The 
500 korun dated 1923 (P[ick| 19) and the 1,000 korun dated 
1919 (PI 3) also were issued with later dates — 1929 (P22) and 
1932 (P25), respectively. The notes with the later dates are 
less expensive. The 5,000 komn is dated 1920. These and sub- 
sequent demonetized Czech notes were perforated SPECLMEX 
and sold to collectors. These specimen notes are relatively easy 
to locate; purchase prices range from SlO to $50 in choice 
condition. They are worth the effort to find them. ❖ 

— .Adapted u'ith permission from CoiX WORLD, January 22, 1996. 



i. 


STO KORVN 




The 1 00 korun prepared and engraved 
for the Republic of Czechoslovakia at 
ABNCo in New York City included 
Alfons Mucha's Slavia, which was 
based on the likeness of American 
Josephine Crane. 




September/October 1999 • Whole No. 203 • PAPER MONEY 


148 


About T E Xa s 


Texas County and 
Cabool, Missouri 

T exas Couxty is the largest of Missouri’s 
1 14 counties and comprises 1,183 square miles of Ozark 
Highland. It is 125 square land miles larger than the State of 
Rhode Island. Wlien the county was formed in 1843, it was 
named for explorer, fur trader and first lieutenant governor of 
Missouri, Wfilliam H. Ashley. WTien it was formally organized 
in 1 845, it was renamed for the Republic of Te.xas. 

A seat of justice was laid out in 1846 near the center of the 
county on Brushy Creek and named Houston in honor of the 
first president of the Republic of Te.xas. During the Civil War, 
the county was ravished by guerilla warfare, anti the town of 
Houston was destroyed. Houston was rebuilt and now is a 
center for dairying, poultty, livesotck, firming and timber. 

Te.xas County is a land of rugged hills, springs and caves. In 
the early 1800s, William H. Ashley leached salqieter from bat 
guano in a cave in northeast Texas County for use in die pro- 
duction of gunpowder at his factory at Potosi. In 1818 explor- 
er H.R. Schoolcraft visited the cave and named the area Wall- 


A $5 Series of 1902 
Plain Back on The 
First National Bank 
of Cabool with the 
signatures of T. 
Brooks as cashier 
and J.W. Wright as 
vice president. 


Bank Officers 


President 

John H, Bauch 77-1920 

L.M. Edens 1921 

Vice President 

J.W. Wright 77-1920 

Steve yates 1921 

Cahier 

T. Brooks 77-1920 

C.G. Blair 1920-21 

W.R. Clifton 1921 

Assistant Cashier 

Steve Yates 1921 



Cave Valley. 

As to the town of Cabool, there are tw'o theories on how it 
got its name. One theory holds that an early settler had trav- 
eled through .Afghanistan and compared the land in this area 
of Missouri to the land around that country’s capital of Kabul. 
This seems like a very' big stretch to me. The land may be 
rugged and hilly, but the elevation is in the range of 1,200 to 
1,700 feet. Kabul is in tbe Hindu Kush, w'hich is an extension 
of the Himalayas, and its elevation is 5,895 feet. 

The second theory has Cabool named after a Native 
American leader. Cabool w'as his name, and he w'as a lover as 
well as a warrior. He lived in this area of iMissouri many, 
many years ago. 

The town of Cabool was laid out in 1882 on the route of 
the Springfield & Memphis (Frisco) Railroad. Cabool is the 
only town in the county on a railroad line. 



A view of Main Street, Cabool, Missouri, looking west — 
from a post card dated March 26, 1910. 

The Cabool National Bank was chartered in September 
1907 with CJharter Number 8877. The building it occupied in 
1906 had tile flooring, and mahogany furniture and fi.xtures. 
The latest model safe and vault was installed, burglar and 
hold-up insurance was taken out, and Burroughs bookkeeping 
and posting machines were purchased. Bank officers and 
employees were bonded. This bank was vety useful to busi- 
nessmen, farmers and ranchers of the community. The bank’s 
motto was “Safety' First.” 

On April 20, 1914, The Cabool National Bank merged 
with The Bank of Cabool to form The First National Bank of 
Cabool w'ith a capital stock and surplus of S60,000 and $7,000 
in undivided profits. This bank was liquidated on May 5, 1921. 
Today Cabool has a population of 2,000, and the bank build- 
ing is occupied by the Corner Cafe. 

The Cabool National Bank issued $5 and $10 Series of 
1902 Red Seals, and $5 and $10 Series of 1902 Date Backs. 
The First National Bank of Cabool issued $5, $10 and $20 
Series of 1902 Date Backs, and $10 and $20 Series of 1902 
Plain Backs. Tbe bank’s total issue was $188,160; when it 
closed, there was $50,000 outstanding. ‘J* 

References 

Cabool Enterprise Press, various issues. 

Encyclopedia Americana IW oh. 1 and XIX. New York, 1965. 
Kelly, Don C. National Bank Notes: A Guide v.’ith Prices. 

Oxford, OH: The Paper iVIoney Institute, Inc., 1997. 

Texas County Library' Staff, Houston, Missouri. 



PAPER MONEY • September/October 1999 • Whole No. 203- 


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Visit our website at 

http://members.aol.com/asccinfo or write to 
Coleman Leifer, POB 577, Garrett Park, MD 20896. 

Dues are $10 per year for US residents, 

$12 for Canadian and Mexican residents, 
and $18 for those in foreign locations. 



Always Wanted 

Monmouth County, New Jersey 
Obsoletes - Nationals - Scrip 
Histories and Memorabilia 

AUenhurst - AUemo-ivn - Ashiiry Park - Atlantic Highlands - Behnar 
Bradley Beach - EatontotL'ii - EnglishtoiL'ii - Freehold - llotvell 
Keanshiirg - Keyport - lanig Branch - Manasqnan - Mataivan 
Middletown - Ocean Grove - Red Bank - Sea Bright - Spring Like 

N.B. Buckman 

P.O. Box 608, Ocean Grove, NJ 07756 
800-533-6163 Fax: 732-922-5055 


I COLLECT 

MINNESOTA OBSOLETE CURRENCY 
and NATIONAL BANK NOTES 

Please offer what you have for sale. 

Charles C. Parrish 

P.O.Box 481 

Rosemount, Minnesota 55068 
(612) 423-1039 

SPMC LM 1 14 — PCDA-LM ANA Since 1976 











150 


September/October 1999 • Whole No. 203 • PAPER MONEY 








Your Hometown Currency Headquarters 
Top prices paid for National Currency Collections, 
Large-Size Type Notes, All Florida Currency and Scrip 

Largest Inventory of 
National Currency & 
Large-Size Type Notes! 

Interested? 

Call 1-800-327-5010 
for a Free Catalog or write 


William Youngerman, Inc, 

Rare Coins & Currency 
‘‘Since 1967’’ 

P.O. Box 177, Boca Raton, FL 33429-0177 


Buying & Selling 

National Bank Notes, Uncut Sheets, Proofs, 
No. 1 Notes, Gold Certificates, Large-Size 
Type Error Notes, Star Notes. 

Commercial Coin Co. 

P.O. Box 607 
Camp Hill, PA 1 7001 

Phone 717-737-8981 



/ rjii; 

m CH> IIU 

If 

Ull 

1 ^ 

t.\MI> Mill 




1^ 

II <> M 




Life Member ANA 639 


WORLD PAPER MONEY 


specializing in Poland, Russia & E. Europe 

visit us: http://www.atsnotes.com 
ats@atsnotes.com 

Buy & Sell 
Free Price List 

Tom Sluszkiewicz 

P.O. Box 54521, Middlegate Postal 
BURNABY, B.C., CANADA, V5E 4J6 


OBSOLETE NOTES 

Also CSA, Continental & Colonial, 
Stocks & Bonds, Autographs 
& Civil War Related Material 


LARGE CAT. $2.00 Ref. 
Always Buying at Top Prices 


RICHARD T.HOOBER, JR. 

P.O. Box 3 1 1 6, Key Largo, FL33037 
FAX or Phone (305) 853-0105 





PAPER MONEY • September/October 1999 • Whole No. 203 


151 


The 

President’s 

Column 

By FRANK CLARK 


I RECENTLY .ATTENDED THE ST. LoUIS N.VTIONAL 
and World Paper Money Show. It was a good show, and I 
got to visit with many people who attend these paper money 
gatherings. I would suggest taking in a paper money show and 
an SP.MC regional meeting whenever possible, because you 
never know what you might find, what you might see or what 
you might learn. I was able to find a couple of notes for my 
collection, plus a few bank post cards. 1 saw many very rare 
notes on the bourse floor and in the auction. I also learned 
from Ron Horstman at the SPMC regional meeting about St. 
Louis emergenc)' scrip of 193.1 that included an uncut sheet of 
scrip on one bank. I wish Dallas banks issued or planned to 
issue this type of scrip during the bank holiday of 1933, but 
they didn’t. All in all, it was a fun show, and I look forward to 
the 2000 show that will be at a new hotel but in the same gen- 
eral area. 

I have to apologize for the lateness of the issues of Paper 
Money for the most part of 1999. Our editor, Marilym Reback, 
has spent the year getting the journal on desktop and battling 
computer problems, etc. I also would like to announce that in 


January 2000 all SPAIC members will receive something very' 
nice in the mail to help smooth over the rough spots of the 
last year. 

Other news from the SPMC board meeting in St. Louis 
included the following. SPMC membership numbers are bar- 
relling in on number 10,000. Remember, the top recruiter is 
eligible for a SIOO prize. If you need any applications, just 
write me or visit the SPMC website, w'ww.spmc.org. Also, next 
year a new index will be available for Paper Money for 1961 
through 1999, thanks to member George Tremmel. The next 
book to be issued by SPMC will be the updated Mississippi 
Obsoletes by Guy Kraus, which is coming along nicely. 

A few upcoming regional meetings come to mind. There 
will be a regional meeting at the Texas Numismatic Associa- 
tion convention in Houston in May and, of course, at the 
International Paper Money Show in Memphis in June. If you 
would like to conduct a meeting in conjunction with a numis- 
matic event, just contact board member Judith Murphy. (The 
hoard bestowed Honorary Life Membership on Judith 
.Murphy. Her husband, Claude, also was recently named a 
Numismatic .Ambassador by Krause Publications. A very busy 
time for the Murphys!) 

At the last ANA ct)nvention, Paper Money, edited by Gene 
Hessler, received the Outstanding Club Publication Award for 
Specialty Clubs.Good job. Gene! 

Finally, the paper money hobby has had several collectors 
and dealers pass from the scene. VVe all were touched by at 
least one of them. They will be missed and our prayers go out 
to their families. The Memphis Coin Club made donations in 
the names of Paul Garland and L..A. Scott to the SPjVIC 
Wismer publication fund. 




The 

’ GREEN GOODS 
GAME 

Conducted by FORREST DANIEL I 


New Flim Flam Scheme 

44 HE THING IN THE \V.\Y OE FI.I.Vl-FL.UI NOW, 

and the real thing,” said an old detective, “is away 
ahead of any of the old tricks, I know anything about. It has 
been worked but once in New Orleans, as far as I know, and if 
it has ever been worked in any other place I do not know 
about it. Tbe business about finding a pocket-book, springing 
the pigeon, as it is called; the lock trick, which by the way, is 
one of the smoothest of the whole list, and all the others are 
cheap and clumsy in comparison with the clever scheme that 
was worked on a down-town barkeeper a few evenings ago. It 
shows one thing, and that is that the criminal classes are quite 
as active mentally and otherwise as men who are engaged in 
the decent callings of life. They are prohahly more active 
mentally than the men who are ground into narrow grooves 
because of ceaseless toiling in an effort to keep the wolf away. 


The new flim flam scheme is wonderfully simple, and is 
worked with paper money. A $ — [sic] and a $5 bill arc need- 
ed. Of course bills of higher denomination could he used, but 
the nvo men who worked the trick here used the bills of the 
first denomination — a SI and a $5 bill. It is worked this way: 
One of the men will write in thin letters on the back of the S.5 
bill what is supposed to be a list of his laundry. For instance in 
this way, One shirt, two collars, two pairs of cuffs. He will go 
into a saloon where there is a rush on in order to minimize the 
possibilities of the barkeeper’s detecting the scribbling on the 
hilll [sic], and will call for a drink. 

“The money is put in the drawer, the man gets his drink 
and his change and walks out. Directly his partner walks in, 
calls for a glass of beer and tenders a $1 bill in payment. I he 
barkeeper throws out 95 cents in change. ‘You made a mis- 
take, old man,’ the purchaser will say; ‘I gave you a $5 hill.’ A 
polite wrangle follows. The fellow is insistent, says he had 
only one piece of money, and that was a S5 bill and he 
remembers to have jotted down a list of his laundry on the 
back of it. He calls for the boss, tells him of the dispute, and 
asks him to see if he has a $5 bill with ‘one shirt, nvo collars, 
two pairs of cuffs,’ written on it in pencil. Sure enough the bill 
is found and the man gets his S4.95 in change. This is the 
scheme they worked on the man down town and he had no 
idea he had been swindled, until he thought it over for some 
time, and the whole plot dawned on him. It is a clever scheme, 
but one that will not last, as barkeepers are awfully quick to 
get on to tricks of this sort.” — New Orleans Times Democrat. — 
(Grand Forks (N. Dak.) Daily Herald, Nov. 9, 1902.) ❖ 





Incu 

, 

MEMBERSHIP DIRECTOR 

IllL^VV 

|mEMBER8 

Frank Clark 

P.O. Box 117060 
Carrollton, TX 7501 1 


9760 Lee Gong, 1211 VV. College Ave., Santa Rosa, CA 
95401 (C, errors) 

9761 Steven J. Vesely, 805 Plainfield Rd., Joliet, IL 
60435 (C & D) 

9762 Edward J. Sheehan, P.O. Box 16863, Washington, 
DC 20041-6863 (C, small-size notes) 

9763 Robert Costa, 2600 N.E. Center St., #50-C, Salem, 
OR 97310(C) 

9764 Ronald M. Cowan, P.O. Box 69, Allen, OK 74825 
(C & D, large-size type, fractionals, $2 notes) 

9765 Gary Wycker, P.O. Box 1 141, Pittsford, NY 14534 
(D, U.S.) 

9766 Russell Heintzelman, R.R. 2, Box 1 160, Drums, PA 
18222 (C, Nationals) 

9767 Fred K. Lope, 1762 Lynwood Dr., Concord, CA 
94519-1249 (C, large-size currency) 

9768 Harold B. Mitchell, Rt. 4, Box 269, 598 Sevier St., 
Lebanon, VA 24266-4704 (C, VA obsoletes, includ- 
ing WV, VA CSA) 

9769 Kathy Metcalf, 5303 Goodwin ave., Dallas, TX 
75206-6208 (C, $1, $2 & $5 notes) 

9770 Anthony Martino, 55 Bethune St., Apt. #H2 13, 

New York, NY 10014 (C, obsoletes, large Nationals, 
type & Canadian) 

9771 Frederick J. Bart, Box 2, Roseville, MI 48066 

(C & D, error notes, large-size type, rare small-size) 

9772 Barry Minster, P.O. B ox 504, Clawson, MI 48017- 
0504 (C & D, firactionals) 

9773 Ken Schmucker, P.O. Box 81, 209 Pratt St., North 
Adams, MI 49262-0081 (C, Nationals) 

9774 Ellen J. Richardson, P.O. Box 34, Evergreen Ave., 
Huntington Station, NY 11746 (C, large type) 

9775 Ezra Y. Rosensaft, 435 E. 77th St., Apt. 4A, New 
York, NY 10021 (C, U.S.) 

9776 Robert J. Hughes, 53 Winterberry Loop, West 
Henrietta, NY 14586-9438 (C, U.S. currency before 
1940) 

9777 Chris Howard, 838 Hansmore PI., Knoxville, TN 
37919 (C, Nationals) 

9778 Donald L. Baldwin, 1224 N.E. Walnut, #161, 
Roseburg, OR 97470 (C) 

9779 Bill Grubb, 133 Cowpath Rd., Telford, PA 18969 
(C, 1929 Nationals) 

9780 Peter Keith LaConte, 124 Brookview Dr., West 
Paterson, NJ 07424 (C, U.S., small, fractional, CSA) 

9781 Richard Hawkes, 90 Blackstone Blvd., Providence, 
RI 02906-5415 (C, U.S.) 

9782 Jeffrey;. Meyer, P.O. Box 786, Buda, TX 78610 (C, 
foreign) 

9783 David C. Williamson, 6928 View Park Rd. S.E., 


Port Orchard, WA 98367 (C & D, Nationals & small 
size) 

9784 Michael B. Fogarty, 7 Hewlett Point Ave., East 
Rockaway, NY 1 1 5 1 8 (C, large- & small-size notes) 

9785 Joseph C. Steiniger 

9786 Dale Weiss, 141 1 Lorain Ave., Bethlehem, PA 
18018 (C & D, U.S. large & small, MPCs, Civil War, 
sheets) 

9787 Robert O. Burich, 2624 W. Bentrup St., Chandler, 
AZ 85224 (C & D, U.S. type)) 

9788 Edward Twenter, 4300 N. Wyatt Ln., Columbia, 
MO 65202 (C, large, small & Nationals) 

9789 Dale C. Piazza, 4519 Beta .Ave., Newburgh Heights, 
OH 44105 (C, MPCs, fractionals, obsoletes) 

9790 Biff Newton, 1538 River Oak Way, Roseville, CA 
95747 (C, U.S., small & fractionals) 

9791 Kristopher K. Hill, 41 Country Club Way, Ipswich, 
MA01938 (C, U.S. small) 

9792 Susan L. Chapman, 307D Palmetto Bay, Marina 
Village, Hilton Head, SC 29928 (C, Colonial 
Currency) 

9793 James M. Rose, 223 N. Grant Ave., Ft. Collins, CO 
80521 (C, \^T^^I, MPCs, Cold War period) 

9794 David Smith, 2615 Villa Dr., Parkersburg, WV 
26101 (C& D, All) 

9795 El Roy Bartels, P.O. Box 1, Tobias, NE 68453-0001 
(C, Nebraska Nationals) 

9796 Reed Marion, P.O. Box 6662, Katy, TX 77491-6662 
(C, Continental Currency, encased postage) 

9797 Donald R. Rathburn, 605 S. Elm St., Ogden, KS 
66517 (C, MPCs, U.S. large & small) 

9798 Fred Willey, 3111 Bel Air Der., #10H, Las Vegas, 
NV 89109-1503 (C) 

9799 Stuart B. Jones, P.O. Box 1 18, Bel Air, MD 21014 

(C) 

9800 Arthur F. Freeman, 3176 Kathy Way, Loomis, CA 
95650-8776 (C, 1800s - especially Civil War) 

9801 Harold L. Cloud Jr., 1708 James St., Sinking 
Spring, PA 19608 (C, U.S., CSA, obsoletes) 

9802 Jim Pyke, 8705 Powderhouse Rd., Cheyenne, MTf 
82009-1201 (C) 

9803 JefFNavratil, 18 Pidgeon Ct., Manorville, NY 1 1949 
(C, large silver certificates) 

9804 Ed Stiles, 52 Candlewood Ct., Lake Jackson, TX 
77566-6002 (C) 

9805 Robert G. Greene 

9806 Charles G. Etchells, 1 1 Manan Close, Northend, 
Hemel Hempstead, Hertfordshire, HP3.8TG, 
England (C, Great Britain, U.S. CSA) 

9807 Patrick J. Cleary, 100 Manhattan Rd., Joliet, IL 
60433 (C, Nationals) 

9808 Gary M. Nord 

9809 Vince D’Alessio, 239 Riflecamp Rd., West Paterson, 
NJ 07424 (C & D, Paterson, NJ Nationals) 

9810 Jack Chew, 2513 W. 2nd St., Roswell, NM 88201 
(C & D, Nationals) 

981 1 Amberse M. Banks. 505 Ryan Ave., Modesto, CA 
95250-3365 (C, obsoletes) 



PAPER MONEY • September/October 1999 • Whole No. 203 


153 


9812 Frank W. Furry, 8221 E. Hidden Lakes Dr., 

Granite Bay, CA 95746-9537 (C, philatelic line 
engravings) 

98 1 3 Scott Mitchell, P.O. Box 1 006, New Hyde Park, NTV' 
1 1040 (C & D, CSA, CSA bonds, fractionals, 
Colonials) 

9814 Robert G. Bloedom, 526 N. Superior St., DePere, 

V\'l 541 15 (C, large-size $1, large-size type, fractionals) 

9815 Dr. Lawrence Mills, 1 Gregoria Ct., Baltimore, MD 
21212-1059(0 

9816 Dennis Magee, P.O. Box 663, Matawan, NJ 07747 

(C) 

9817 James L. Seabridge, 17438 Ardmore Ave., .Apt. C, 
Bellflower, CA 90706-6633 (C, large, small & frac- 
tionals) 

9818 James Nilsson, 23533 .Anza Ave., Apt. D, Torrance, 
CA 90505 (C, large & small type) 

9819 Norman P. Hiestand, P.O. Box 224, Hawaii 
National Park, HI 96718 (U.S. Si notes) 

9820 Robert J. Perry, 2277 Union ,Ave., #306, Memphis, 
TN 38104 (C) 


$ money 
mart 


982 1 James W. Miller, 3085 Bentwood Dr., Waycross, 

GA 31503 (C & D, Georgia & Tennessee obsoletes, 
Georgia Nationals & web notes) 

9822 Jim Hughes, 1000 Otis St., N.E., Apt. 7, 
Washington, DC 20017 (C, Nationals) 

9823 J. Rick Domhoefer, 5614 Braxtonshire Ct., 

Houston, TX 77069 (C, Texas Nationals, tj'pe notes 

9824 Wayne Hilton, 2 Oakmont Ln., Aiken, SC 29803 
(C, CSA) 

9825 William A. Taylor, 4960 Winchester Ave., .Ashland, 
KY 41 101 (C, Kentucky Nationals & obsoletes) 

9826 John Tsoucalas, 6 Windana Ct., Pleasant Creek, Vic 
3757, Australia (C, polymer bank notes) 

9827 Anthony L. della Voipe, via Broletto 43, Milan, 

Italy (C & D, rare world notes) 

9828 F. Alan Shirk, 1048 Terrace Ave., Wyomissing, PA 
19610-2049 (C, U.S. small) 

9829 Mike Taylor, 602 Firetower Rd., La Grange, NC 
28551 (C, U.S. large & errors) 

9830 Peter Luciani, 8673 Alegre Cr., Orlando, FL 32836 
(C, MPCs) 


Brooklyn, Bronx, Queens, Staten Island. Steve Goldberg, Box 402, 
Laurel, MD 20725-0402. (204) 


W.^NTED: NEW YORK OBSOLETE NOTES, all types. .\lso 
want obsolete notes from Portsmouth N.H. Please send list or Xerox. 
John GLYNT4, 41 St. .Agnell’s Lane, Kernel, Hempstead Herts, HP2 
7AX, England. (206) 


P.\PER MONEY will accept classified advertising — from members only — on a 
basis of 1 5c per word, with a minimum charge of S3. 75. The primary purpose of 
the ads is to assist members in exchanging, buying, selling or locating special- 
ized material and disposing of duplicates. Copy must be non-commercial in 
nature. Copy must be legibly printed or typed, accompanied by prepajanent 
made payable to “Society of Paper .Money Collectors” and reach Editor Marilyn 
Reback, P.O. Box 1110, Monumcnt,CO H0132, by the first of the month pre- 
ceding the month of issue (i.e., Dec. 1 for Jan./Feb. issue). 

Word count: Name and address count as five words. .Ml other words and 
abbresdations, figure combinations and initials count as separate words. No 
check copies. 10% discount for four or more insertions of the same copy. 

STOCKS & BONDS wanted! .All types purchased including rail- 
road, mining, oil, zoos, aviation. Frank Hammelbacher, Box 660077, 
Flushing, NY 11366. 718-380-4009; fax 718-380-4009) or E-mail 
(norrico@compuserve.com). (205) 


STOCK CERTIFICATES, BONDS, 40-page list for two 32e 
stamps. 50 different $25; three lots $60. 15 different railroads, most 
picturing trains $26, three lots $63. Clinton Hollins, Box 112, Dept. 
P, Springfield, VA 22 150-01 12. (208) 


WANTED OHIO NBNs. Please send list. Also, want LOWELL, 
TYLER, RYAN, WHITNEY, JORDAN, O’NIELL. Thanks for 
your help. 419-865-5115. Lowell Yoder, POB 444, Holland, OH 
43528. (207) 


WANTED: STOCKS AND BONDS. Railroad, Mining, City, State, 
CSA, etc., etc. Also wanted Obsolete and CSA Currency. Always 
Paving Top Dollar. Richard T. Hoober, Jr., P.O. Box 31 16, Key 
Largo, FL 33037. Phone or FAX (305)853-0105. (203) 

NYC WANTED; ISSUED NYC, Brooklyn, Williamsburgh obso- 
letes, any obsoletes from locations within present-day Manhattan, 















154 


September/October 1999 • Whole No. 203 • PAPER MONEY 



CANADIAN 

BOUGHT AND SOLD 

• CHARTERED BANK NOTES. 

• DOMINION OF CANADA. 

• BANK OF CANADA. 

• CHEQUES, SCRIP, BONDS & 
BOOKS. 

FREE PRICE LIST 

CHARLES D. MOORE 

P.O. BOX 5233P 

WALNUT CREEK, CA 94596-5233 
(925) 946-0150 Fax (925) 930-7710 
LIFE MEMBER A.N.A. #1995 C.N.A. #143 C.P.M.S. #11 


HARRY 
IS BUYING 

NATIONALS — LARGE 
AND SMALL 
UNCUT SHEETS 

TYPE NOTES 

UNUSUAL SERIAL NUMBERS 

OBSOLETES 

ERRORS 

HARRY E. JONES m 


PO Box 30369 
Cleveland, Ohio 44130 
216-884-0701 




BOOKS ON PAPER MONEY & RELATED SUBJECTS 


The Engraver’s Line: An Encyclopedia of Paper Money & 

Postage Stamp Art, Messier $85 

Comprehensive Catalog of (J.S. Paper Money 

Errors, Bart 35 

The Comprehensive Catalog of Cl.S. Paper Money, 

Messier 40 

U.S. Essay, Proof & Specimen Notes, Messier 19 

The Mouston Meritage Collection of National Bank 
Notes 1863-1935, Logan 25 


National Bank Notes, Kelly $45 

U.S. National Bank Notes & Their Seals, Prather 40 

Paper Money of the G.S., Friedberg 24 

Prisoner of War & Concentration Camp Money of the 

20th Century, Campbell 35 

Small-Size (J.S. Paper Money 1928 to Date, Oakes & 

Schwartz, Softbound 25 

World Paper Money. 7th edition, general issues 55 

World Paper Money, 7th edition, specialized issues 60 


10% off five or more books • SHIPPING: $3 for one book, $4 for two books, $5 for three or more books. 
All books are in new condition & hardbound unless otherwise noted. 

CLASSIC COINS — RO. BOX 95 — ALLEN, MI 49227 






P.O. BOX 84 • NANUET, N.Y 10954 



Buying / Selling: 


OBSOLETE CURRENCY, NATIONALS, U.S. 
TYPE, UNCUT SHEETS, PROOFS, SCRIP. 
Periodic Price Lists available: Obsoletes 
($3 applicable to order). Nationals, & U.S. Large & 
Small Size Type. 

PHONE or FAX 


BARRY WEXLER, Pres. Member: SPMC, PCDA, ANA, FUN, GENA, ASCC (914) 352-9077 




PAPER MONEY • September/October 1999 • Whole No. 203 


155 


CHECK THE “GREENSHEET” 
GET 10 OFFERS 
THEN CALL ME (OR WRITE) 
FOR MY TOP BUYING PRICES 


The Kagin name appears more often than any other 
in the pedigrees of the rarest and scarcest notes 
CU.S. Paper Money Records by Gengerke]. 

BUY ALL U.S. CURRENCY Good to Gem Unc. 

I know rarity [have handled over 95% of U.S. in 
Friedberg] and condition (pay over “ask” for some] 
and am prepared to “reach” for it. Premium Prices 
Paid For Nationals (Pay 2-3 times 
“book” prices for some]. 

BUY EVERYTHING: Uncut Sheets, Errors, Stars, 

Special Numbers, etc. 


/ cant sell what I dont have 


Pay Cash (no waiting] — No Deal Too Large 

A.M. (“Art”) KAGIN 

910 Insurance Exchange Bldg. 

Des Moines. Iowa 50309 (515) 243-7363 Fax: (515) 288-8681 


At 79 Now is The Time — Currency & Coin Dealer Over 50 Years 
I attend about 25 Currency-Coin Shows per year 
Visit Most States (Call, Fax or Write for Appointment) 


Collector Since 1928 
Professional Since 1933 
^Founding Member PNG, Pres, 1963-64 
ANA Life Member 103, Governor 1983-87 
ANA 50-Year Gold Medal Recipient 1988 




156 


September/October 1999 • Whole No. 203 • PAPER MONEY 



Phillip B. Lamb, Ltd. 

Confederate States of America, Historical connoisseur 
Avidly Buying and Selling: 

Confederate Autographs, Photographs, Documents, Treasury Notes and Bonds, 
SuvE Papers, U.C.V., Obsolete Bank notes, and General Memorabilia. 
Superb. Friendly Service. Displaying al many major trade shows. 


Quarterly price lists: 

$8 ANNUALLY 

Want lists invited 
Appraisals by fee. 


Phillip B. Ijvmb 

P.O. Box 15850 

New Orleans, LA 70175-5850 

504-899-4710 


CURRENCY CHECKLIST 

UNITED STATES SMALL SIZE 
By TYPE. 1928 to Date. 

Legal Tender — Silver Certificates 
Gold Certs. — Hawaii — North Africa 
NBN— FRBN— FRN. 3^4 x 7Y4in. 
$10.95 postpaid. SPMC. 
BERGS 

P.O. Box 1732, Bismarck, ND 58502 


Buying & Selling 
Foreign Banknotes 

Send for free List 

William H. Pheatt 
6443 Kenneth Ave. 
Orangevale, CA 95662, U.S.A. 

Phone 916-722-6246 
Fax 916-722-8689 


Bank History Books 

• Published Bank Histories, over 200 
Different, from Almost all States and 
Canada, 1882 to Present. 

• State and Regional Banking Histories, 
over 40 Different, mid-1800s to 1920s 

• Bank Directories & RR Manuals, 
Occasionally 

• Research Materials, Collateral Items for 
your Paper Money or Check Collection 

• Inquire by Author, Bank Name, or State 
of Interest 

OREGON PAPER MONEY EXCHANGE 

6802 SW 33rd Place 
Portland, OR 97219 

(503) 245-3659 Fax (503) 244-2977 



rtu inucA 


ALLEN'S COIN SHOP 

. . 124 

BOWERS & MERENA GALLERIES 

, . . IBC 

BERGS 

. . 128 

N.B. BGCKMAN 

. . 125 

COMMERCIAL COIN CO 

. . 126 

CLASSIC COINS 

. . 127 

DENLY’S OF BOSTON 

. . 124 

EARLY AMERICAN NUMISMATICS 

. . 125 

RICHARD T. HOOBER 

. . 126 

HORDWEDEL, LOWELL C 

. . 124 

HUNTOON, PETER 

. . 124 

JONES, HARRY 

. . 127 

KAGIN, A.M 

. . 122 

KRAUSE PUBLICATIONS 

. . OBC 

LAMB. PHILLIP B 

. . 128 

MOORE, CHARLES D 

. . 127 

MORYCZ, STANLEY 

. . 123 

NUMISVALU, INC 

. . 127 

OREGON PAPER MONEY EXCHANGE . 

. . 128 

PARRISH. CHARLES C 

. . 125 

PHEATT, WILLIAM H 

. . 128 

SHULL. HUGH 

... 98 

SLUSZKIEWICZ, TOM 

. . 126 

SMYTHE, R.M 

. . . IFC 

YOUNGERMAN. WILLIAM. INC 

. . 126 








ealize Top Market Price 
^pfor Your Paper Money! 



The currency market is hot! In recent months we have seen a tremendous 
amount of buying activity and invite you to jump on the bandwagon. 
Consider selling your important notes and currency items in one of our 
upcoming auctions to be held in New York City or in conjunction with 
the Suburban Washington/ Baltimore Convention. The same bidders who 
helped set world record prices in our recent sales will compete for your 
currency items as well. Call Q. David Bowers, Chairman of the Board, or 
John Pack, Auction Manager, at 1-800-458-4646 to reserve a space for your 
material. We can even provide a cash advance if you desire. It may be the 
most financially rewarding decision you have ever made. 


A cut sheet of four $10 Legal Tender 
notes. F-123 in Average New to Choice 
New realized $17,600. 






B-i 

2r 




A $100 One-Year Note, believed to be 
unique, realized $8,250. 


A $5 Federal Reserve Bank note. 
F-782* in EF realized $7,150. 





Q. 


4C:i3QD0f/| 



An Interest Bearing $5,000 Proof Note 
realized $11,000. 


A $10 Silver Certificate. 
F-1700 in Gem New realized $8,800. 



An Uncirculated Lazy Two $2 note 
from the State of Missouri, 
Town of California realized $4,840. 


Auctions by 

Bowers and Merena, Inc. 

Box 1224 • Wolfeboro, NH 03894 • 800-4584646 • FAX: 603-569-5519 • www.bowersandmerena.com 




Accurate Pricing for 10,250 Notes 



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1999 standard catalog of 


modern issues 1961-1999 


volume three 


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Edited by Colin R. Bruce II 6 Neil Shafer 

■ Current values for over 10,250 notes ■ 376 note-Iss 
authorities ■ More than 6,900 Illustrations 




Standard Catalog of 
World Paper Money, 
Modern Issues 
Volume III, Fifth Edition 
by Edited by Colin R. Bruce 
II and Neil Shafer 

Filled with values for more 
than 1 0,250 notes and over 
7,000 large, clear photos, 
you’ll find everything here to 
collect world paper money 
successfully and profitably. 
More than 376 note-issuing 
authorities are covered 
including all notes issued 
from 1961 to present, plus 
newly designed U.S. notes. 
Includes a user’s guide, grad- 
ing terms, dating information, 
foreign language references, 
exchange tables and a foreign 
bank index. 

Softcover • 8-1/2 x 11 
784 pages • 7,0(K) • b&w 
^ photos 

WP05 • $37.95 


To receive a FREE catalog or to place a credit card order, 

800-258-0929 


Call 


Dept. N94S 


Mon-Fri, 7 a.m. - 8 p.m. • Sat, 8 a.m. - 2 p.m., CST 


Shipping; and Handling: Buuk Post - 
$3.25 1st book; S2 ea. add'l. Call for 
UPS delivery rates. Foreign addresses 
$15 per shipment plus $5.95 per 
book. Sales tax: Wl 5.5%, IL 6.25%, 
lA 5%, VA 4.5%, CA 7.25%. 


Mail to: Krause Publications, 700 E State St, lola, WI 54990 

Or visit and order from our secure weh site: www.krause.com 
Dealers can call toll-free 888-457-2873 ext 880, Mon-Fri 8 a.m. - 5 p.m. 


SATISFACTION GUARANTEE 
If for any reason you are not completely 
satisfied with your purchase, simply 
return it within 14 days and receive a 
full refund, less shipping.